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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  InterContinental Hotels Group PLC       GB00B85KYF37

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InterContinental Hotels Group PLC : IHG's first hotel announced in Rayong, Thailand

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07/15/2013 | 07:32am CET
15 July, 2013 IHG's first hotel announced in Rayong, Thailand

Bangkok, Thailand, 15 July: InterContinental Hotels Group (IHG), one of the world's largest hotel companies, and Felicity Asset Co. Ltd have signed an agreement to build Holiday Inn & Suites Rayong City Centre, the first IHG property in Rayong.

The 300-room property will be situated in the heart of Rayong's city centre adjacent to the Laemtong Shopping Mall. It is conveniently located close to ten of Thailand's major industrial parks including the Eastern Seaboard Industrial Park and Map Ta Phut Industrial Park.

Holiday Inn & Suites Rayong City Centre will be the first international branded hotel in Rayong's city centre. The hotel offers a combination of 240 guest rooms and 60 suites tailored to guests staying for longer periods. Other facilities include an all day-dining restaurant, a rooftop signature restaurant and bar, meeting facilities, swimming pool, pool bar and fitness centre.

Pattamaporn Nokhong, Managing Director, Felicity Asset Co. Ltdsaid: "Rayong attracts a large number of business travellers due to its close proximity to some of Thailand's major industrial parks. The hotel, situated in the middle of the city centre, is a perfect location for those staying overnight or longer. The Holiday Inn brand, known for its comfort, convenience and value was definitely the right choice for this rapidly expanding city."

Rayong is considered as the industry hub of Thailand with strong infrastructure that provides plant and factory space to many global companies. The area has the highest GDP per capita in the Kingdom.

Clarence Tan, COO South East Asia and Resorts, IHGsaid: "Holiday Inn & Suites Rayong City Centre will be the first internationally branded hotel in Rayong's City Centre giving guests' piece of mind that they will have a consistent quality experience and the level of comfort which Holiday Inn is renowned for."

Holiday Inn & Suites Rayong City Centre is the first IHG hotel in Rayong. It joins the 16 existing IHG hotels in Thailand which includes 9 Holiday Inn properties.
- END -

Media Enquiries:
U-lynn Lee
Ogilvy PR Singapore
Office: +65 6213 6950
Email : u-lynn.lee@ogilvy.com

Notes to Editors:

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of nine hotel brands, including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, EVEN™ Hotels and HUALUXE™ Hotels & Resorts.

IHG manages IHG® Rewards Club, the world's first and largest hotel loyalty programme with over 73 million members worldwide. The programme was relaunched in July 2013, offering enhanced benefits for members including free internet across all hotels, globally.

IHG franchises, leases, manages or owns over 4,600 hotels and more than 674,000 guest rooms in nearly 100 countries and territories. With more than 1,000 hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate over the next few years.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit www.ihg.com/media, www.twitter.com/ihg, www.facebook.com/ihg or www.youtube.com/ihgplc.

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Financials ($)
Sales 2016 1 738 M
EBIT 2016 694 M
Net income 2016 410 M
Debt 2016 1 568 M
Yield 2016 2,06%
P/E ratio 2016 22,86
P/E ratio 2017 20,10
EV / Sales 2016 6,16x
EV / Sales 2017 5,83x
Capitalization 9 141 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 43,3 $
Spread / Average Target -6,6%
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NameTitle
Richard Solomons Chief Executive Officer & Executive Director
Patrick Jean-Pierre Cescau Non-Executive Chairman
Paul Edgecliffe-Johnson Chief Financial Officer & Director
Eric Pearson Chief Information Officer & Executive VP
Dale F. Morrison Senior Independent Non-Executive Director
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